Amendment to Program Information Swedbank AB (Publ)
Total Page:16
File Type:pdf, Size:1020Kb
Amendment to Program Information Swedbank AB (publ) AMENDMENT TO PROGRAM INFORMATION Type of Information: Amendment to Program Information Date of Announcement: 18 May 2021 Issuer Name: Swedbank AB (publ) (the “Issuer”) Name and Title of Representative: Jens Eriksson, Acting Head of Group Treasury Ulf Jakobsson, Head of Funding and Risk Management Address of Head Office: 105 34 Stockholm, Sweden Telephone: +46-8-585-900-00 Contact Person: Attorneys-in-Fact: Motoyasu Fujita, Attorney-at-law Kosuke Miyashita, Attorney-at-law Nana Shioiri, Attorney-at-law Gaikokuho Kyodo-Jigyo Horitsu Jimusho Linklaters Address: Meiji Yasuda Building 10F 1-1, Marunouchi 2-chome, Chiyoda-ku Tokyo 100-0005, Japan Telephone: +81-3-6212-1200 Type of Securities: Notes (the “Notes”) Address of Website for Announcement: https://www.jpx.co.jp/english/equities/products/tpbm/ann ouncement/index.html Name of the Main Dealer that is Expected to Subscribe Nomura International plc for the Notes to be Drawn-Down from this Program Status of Submission of Annual Securities Reports or No Issuer Filing Information: Information on Original Program Information: Date of Announcement 29 May 2020 Scheduled Issuance Period: 30 May 2020 to 29 May 2021 Maximum Outstanding Issuance Amount: U.S.$40,000,000,000 This amendment, consisting of this cover page and the Base Prospectus dated 10 May 2021, is filed to update the information included in the Program Information dated 29 May 2020. This constitutes an integral part of the Program Information dated 29 May 2020 (the “Original Program”), and the Base Prospectus dated 13 May 2020 in the Original Program shall be replaced with the Base Prospectus dated 10 May 2021. The cover page of the Program Information dated 29 May 2020 shall be amended and updated as follows: Prior to amendment: 7. In respect of the U.S.$40,000,000,000 Global Medium Term Note Programme dated 13 May 2020, the Issuer has been assigned a rating of A-1 (short term) and A+ (long term) (outlooks stable) from S&P Global Ratings Europe Limited (“S&P”), P-1 (short term) and Aa3 (long term) (outlooks stable) from Moody’s Investors Service (Nordics) AB (“Moody’s”) and F1 (short term) and A+ (long term) (rating watch stable) from Fitch Ratings Ltd. (“Fitch”).. The credit rating firms have not been registered under Article 66-27 of the FIEA (“Unregistered Credit Rating Firms”). After amendment: 7. In respect of the U.S.$40,000,000,000 Global Medium Term Note Programme dated 10 May 2021, the Issuer has been assigned ratings of A-1 (short term) and A+ (long term) (outlooks stable) from S&P Global Ratings Europe Limited (“S&P”); P-1 (short term) and Aa3 (long term) (outlooks stable) from Moody’s Investors Service (Nordics) AB (“Moody’s”); and F1+ (short term) and AA- (long term) (rating watch stable) from Fitch Ratings Ireland Limited. (“Fitch”).. The credit rating firms have not been registered under Article 66-27 of the FIEA (“Unregistered Credit Rating Firms”). BASE PROSPECTUS Swedbank AB (publ) (Incorporated with limited liability in the Kingdom of Sweden) U.S.$40,000,000,000 Global Medium Term Note Programme Under the U.S.$40,000,000,000 Global Medium Term Note Programme (the "Programme") described in this base prospectus (the "Base Prospectus"), Swedbank AB (publ) ("Swedbank" or the "Issuer"), subject to all applicable legal and regulatory requirements, may from time to time issue medium term notes in bearer or registered form (respectively, "Bearer Notes" and "Registered Notes" and together, the "Notes"). The aggregate principal amount of Notes outstanding at any one time will not exceed U.S.$40,000,000,000 or the equivalent in other currencies. Notes may be issued on a continuing basis to one or more of the dealers specified under "Overview of the Programme" and any additional dealer(s) appointed under the Programme from time to time by the Issuer (each a "Dealer" and together, the "Dealers"), which appointment may be for a specific issue or on an ongoing basis. References in this Base Prospectus to the "relevant Dealer" shall, in the case of an issue of Notes being (or intended to be) subscribed by more than one Dealer, be to all Dealers agreeing to subscribe such Notes. This Base Prospectus has been approved as a base prospectus by the Central Bank of Ireland, as competent authority under Regulation (EU) 2017/1129 (the "Prospectus Regulation"). The Central Bank of Ireland only approves this Base Prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. Approval by the Central Bank of Ireland should not be considered as an endorsement of the Issuer or of the quality of the Notes. Investors should make their own assessment as to the suitability of investing in the Notes. Such approval relates only to the Notes which are to be admitted to trading on the regulated market (the "Regulated Market of Euronext Dublin") of the Irish Stock Exchange plc trading as Euronext Dublin ("Euronext Dublin") or on another regulated market in the European Economic Area (the "EEA") for the purposes of Directive 2014/65/EU (as amended) ("MiFID II") and/or which are to be offered to the public in any Member State of the EEA in circumstances that require the publication of a prospectus. Application has been made to Euronext Dublin for Notes issued under the Programme during the period of 12 months from the date of this Base Prospectus (other than Exempt Notes (as defined below)) to be admitted to its official list (the "Official List") and to trading on the Regulated Market of Euronext Dublin. The Regulated Market of Euronext Dublin is a regulated market for the purposes of MiFID II. In addition, application has been made to register the Programme on the SIX Swiss Exchange Ltd. Upon specific request, Notes issued under the Programme may then be listed on the SIX Swiss Exchange Ltd. References in this Base Prospectus to Notes being "listed" (and all related references) shall mean that such Notes have been (i) admitted to the Official List and to trading on the Regulated Market of Euronext Dublin or (ii) admitted to trading on the standard for bonds of the SIX Swiss Exchange Ltd, as the case may be. This Base Prospectus (as supplemented as at the relevant time, if applicable) is valid for 12 months from its date in relation to Notes which are to be admitted to trading on a regulated market in the EEA for the purposes of MiFID II. The obligation to supplement this Base Prospectus in the event of a significant new factor, material mistake or material inaccuracy does not apply when this Base Prospectus is no longer valid. The Programme also provides that Notes may be listed or admitted to trading, as the case may be, on such other or further stock exchanges, markets or quotation systems as may be agreed between the Issuer and the relevant Dealer. The Issuer may also issue unlisted Notes and/or Notes not admitted to trading on any market. The requirement to publish a prospectus under the Prospectus Regulation only applies to Notes which are to be admitted to trading on a regulated market in the EEA and/or offered to the public in the EEA other than in circumstances where an exemption is available under Articles 1(4) and 3(2) of the Prospectus Regulation. The requirement to publish a prospectus under the Financial Services and Markets Act 2000 (as amended) (the "FSMA") only applies to Notes which are admitted to trading on a United Kingdom ("UK") regulated market as defined in Regulation (EU) No. 600/2014 on markets in financial instruments as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA") ("UK MiFIR") and/or offered to the public in the United Kingdom other than in circumstances where an exemption is available under section 86 of the FSMA. References in this Base Prospectus to "Exempt Notes" are to (i) Swiss Domestic Notes (as defined below) and (ii) Notes for which no prospectus is required to be published under the Prospectus Regulation or the FSMA. The Central Bank of Ireland has neither approved nor reviewed information contained in this Base Prospectus in connection with Exempt Notes. The Notes will be subject to Swedish Statutory Loss Absorption Powers (as defined below), as described in "Terms and Conditions of the Notes – Governing Law, Jurisdiction and Swedish Statutory Loss Absorption Powers". There are certain risks related to any issue of Notes under the Programme, which investors should ensure they fully understand (see "Risk Factors" on pages 18-60 of this Base Prospectus). The Issuer has been assigned ratings of A-1 (short term) and A+ (long term) (outlooks stable) from S&P Global Ratings Europe Limited ("Standard & Poor’s"); P-1 (short term) and Aa3 (long term) (outlooks stable) from Moody’s Investors Service (Nordics) AB ("Moody’s"); and F1+ (short term) and AA- (long term) (rating watch stable) from Fitch Ratings Ireland Limited. ("Fitch"). Notes to be issued under the Programme are expected to be rated A+ (Senior Preferred Notes with a maturity of more than one year), A- (Senior Non-Preferred Notes), BBB+ (Subordinated Notes) and A-1 (Senior Preferred Notes with a maturity of less than one year) by Standard & Poor’s; Aa3 (Senior Preferred Notes), Baa1 (Senior Non-Preferred Notes), Baa2 (Subordinated Notes) and P-1 (short term) by Moody’s; and AA- (Senior Preferred Notes with a maturity of more than one year), A+ (Senior Non-Preferred Notes), A- (Subordinated Notes) and F1+ (Senior Preferred Notes with a maturity of less than one year) by Fitch.